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1.02A KEY TERMS
Business Essentials
| Term | Definition |
|---|---|
| Arrogance | An inflated sense of self-importance |
| consequence | The result of a action |
| Dilemma | A difficult situation in which you are required to make a decision |
| Ethical dilemma | an issue in which you must decide in wether something is right or wrong; Sometimes referred to as an ethical situation |
| intuition | instinct; gut feeling |
| Role model | a person whose behavior is imitated by others |
| accountability | the condition of having to answer for or be liable for your actions; accepting responsibility for your decisions |
| ethical principles | standards that govern behavior; not dependet on circumstance |
| fairness | the ability to make judgments without favoritism or self-interest; engaging in fair competition and creating equal relationships |
| integrity | adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations |
| respect | regard or esteem; honoring the rights, freedoms, views, and property of others |
| rule of law | complying with laws and regulations |
| transparency | the quality of being just as one seems; being open and truthful when communicating |
| trustworthy | reliable; deserving the confidence of others |
| viability | the long-term value of your choices |
Created by:
alexander.s132
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